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Jan 28, 2013
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paid almost $1 million in business taxes. and then they had to go home to india because their student visas ran out. the business still exists but it's run out of india with no american employees. everyone agrees that's a problem. republicans seemed willing to solve it right away. democrats resisted wanting to link all immigration issues together. no special treatment for ph.d., business creators, without a deal on the lesser skilled immigrants. democrats won that battle. both sorts of workers will be announced in this agreement. there will be a press conference on immigration reform later today. >> that won't help or bring that couple back. >> the damage is done there. one of the strangest moments of the recent economic collapse in silicon valley was watching families, most of them from india, losing their visa status after a layoff. there's no grace period on that. one moment you are working in high tech and legal and the next moment you're not. one moment you're an engineer with ph.d. from berkeley and you own a home and c
paid almost $1 million in business taxes. and then they had to go home to india because their student visas ran out. the business still exists but it's run out of india with no american employees. everyone agrees that's a problem. republicans seemed willing to solve it right away. democrats resisted wanting to link all immigration issues together. no special treatment for ph.d., business creators, without a deal on the lesser skilled immigrants. democrats won that battle. both sorts of workers...
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Jan 24, 2013
01/13
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this is thanks in part to prop 30 that was his big tax initiative that passed in november. the golden state is now enjoying more than $850 million surplus. it is expected governor brown will taut this success in this morning's state of the state but he'll also look to the future outlining top priorities such as overhauling the state schools finance system and building a massive tunnel system for water in the central valley and constructing what would be the nation's first high-speed rail line. he'll also touch on international trade. the minutes after his speech is done, however, he's off to the first budget hearings where everything is on the table including more spending and this is where it could get hairy for brown. with democratic supermajorities in both the senate and assembly, this gives lawmakers the power to override anything brown vetoes and this is a real possibility because many of them are more liberal than he is. we'll have to wait and see what happens. now if you want to watch the state of the state, we'll stream it live on our website. that of course is nbcb
this is thanks in part to prop 30 that was his big tax initiative that passed in november. the golden state is now enjoying more than $850 million surplus. it is expected governor brown will taut this success in this morning's state of the state but he'll also look to the future outlining top priorities such as overhauling the state schools finance system and building a massive tunnel system for water in the central valley and constructing what would be the nation's first high-speed rail line....
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Jan 28, 2013
01/13
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you have to pass a few background checks pay back taxes and pay fines and penalties for being here illegally in the first place. a probationary period. you would have to learn english. you would have to prove you have a work history. eventually to get to the back of the line in that process to become a citizen. >> what's the next step for the proposal? >> the next step, this is really sort of an outline. the next step is to fine tune it. the details. the devil is always in details. what lawmakers are going to need to do is sell it to broader parties and come up with legislation they think they can get passed. >> thank you very much, tracie. >>> christina loren has everybody thinking about this forecast. she's been talking about tank tops and sleeveless shirts. >> you have them thinking about something else than me, jon kelley. 6:32. good morning to you. get your mindset on beach gear. we're headed toward beautiful beach conditions. a mix of sun and clouds to start. sunrise around 7:20 this morning. 38 degrees in napa. 38 degrees in livermore. 6:33 now we'll have to wait on the sun's arrival
you have to pass a few background checks pay back taxes and pay fines and penalties for being here illegally in the first place. a probationary period. you would have to learn english. you would have to prove you have a work history. eventually to get to the back of the line in that process to become a citizen. >> what's the next step for the proposal? >> the next step, this is really sort of an outline. the next step is to fine tune it. the details. the devil is always in details....
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Jan 24, 2013
01/13
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it's outrageous, us as tax paying citizens should not have to accept. >> these are the low level crimes that the police do not focus on. and exactly the types of crimes he will want police to crack down on when he begins a contract next month advising the department. in other cities, he has worked under the broken window theory. that says, if less serious crimes are not dealt with the overall crime rate will go up. at a city council meeting that ended after 2:00 in the morning the council voted 7-1 to approve a 250,000 contract to hire him. his opponents seem more concerned with the support of a stop and frisk policy. they feel it will lead to racial profiling. >> you are bringing in somebody very controversial. it's going to be an up hill battle. >> late this afternoon, the council's decision was defended to bring him on board. >> he is neither the devil, nor a savior, he is part of a team. >> this plan is not about him, it's about policy partnership. >> and the police chief went on to say that he will not be attending community meetings as part of his contract with the city. and he is
it's outrageous, us as tax paying citizens should not have to accept. >> these are the low level crimes that the police do not focus on. and exactly the types of crimes he will want police to crack down on when he begins a contract next month advising the department. in other cities, he has worked under the broken window theory. that says, if less serious crimes are not dealt with the overall crime rate will go up. at a city council meeting that ended after 2:00 in the morning the council...
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Jan 25, 2013
01/13
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the professional tax software. >>> it is 7:26. good morning. i'm jon kelley. san jose police looking for a group of suspects involved in a deadly stabbing attack. a man was found stabbed multiple times near southside drive and hope street in south san jose last night. four to five men approached the victim and attacked him just before 8:30 last night. police still trying to figure out the motive. >> typically in a gang related incident we'll hear gang epithets being uttered. none of the witnesses report that. we don't know yet. it's too early to tell. >> those suspects were last seen leaving that scene in a gray colored van. this marks the second homicide in just two days and the third killing of the year in san jose. right now weatherwise christina loren tells us outside something for everybody. >> something for everybody. good morning to you. live picture. this is over the san francisco bay where we are getting sunshine. let's show you san jose. quite the contrary. mostly cloudy conditions and thick low clouds. travel cautiously
the professional tax software. >>> it is 7:26. good morning. i'm jon kelley. san jose police looking for a group of suspects involved in a deadly stabbing attack. a man was found stabbed multiple times near southside drive and hope street in south san jose last night. four to five men approached the victim and attacked him just before 8:30 last night. police still trying to figure out the motive. >> typically in a gang related incident we'll hear gang epithets being uttered. none...
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Jan 28, 2013
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so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. try our new southwestern mac and cheese with grilled chicken, served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. behaves like the surface of your skin. now watch what soap does to it. ♪ if soap breaks down this paper, just imagine what it's doing to your skin. soap strips your skin. dove is different. ♪ with 1/4 moisturizing cream, dove doesn't strip your skin like soap. ♪ dove doesn't strip your skin like soap. dare to create all kinds of drama. new revlon photoready™ primer and shadow add sparkle or use wet. so you can create whatever eye you're in the mood for. dare to be revlon. softens the enamel so it can potentially erode. once that enamel is gone, it's gone. my dentist recommended pronamel. pronamel protects your teeth from the effects of acid erosion. i don't have to cut out the things that i love in my diet. yep...doh. [ boy ] slurpably fun and
so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. try our new southwestern mac and cheese with grilled chicken, served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. behaves like the surface of your skin. now watch what soap does to it. ♪ if soap breaks down this paper, just imagine what it's doing to your skin. soap strips your skin. dove is different....
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Jan 29, 2013
01/13
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she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >>> good morning. i'm jon kelley. oakland's police chief ready to talk about recent shootings involving city police officers. last week an officer was attacked by three men and shot in the arm. then on friday another officer was shot while confronting a man with a gun. both are expected to survive. chief jordan will address yesterday's shooting involving an 8-year-old girl hit outside of her home during a drive-by shooting. that girl is expected to be okay. police right now still looking for the suspect. >>> christina loren has the day off. rob mayeda is in for her today to give you your tuesday forecast. good morning. >> not a bad start to the day. gorgeous sunrise. 30s and 40s outside and you can see high clouds dropping in fr
she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. >>> good morning. i'm jon kelley. oakland's police chief ready to talk about recent shootings involving city police officers....
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Jan 24, 2013
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i think it's something us as tax paying citizens should not have. >> reporter: the broken window theory which says if less serious crimes are not dealt with the overall crime rate will increase. bratton's opponent seemed most concerned of his stop and frisk policy because they fear it will lead to racial profiling. >> you're bringing in somebody very controversial. >> this particular plan not about bill bratton. it's about partnership. >> reporter: i spoke by phone earlier today to bill bratton's wife and she tells me he is in detroit working on a project similar to the one he will be working on here in oakland and, again, raj and jessica, he will be here in oakland in mid-february. monte francis, nbc bay area news. >> okay, thank you, monte. look who is back in town. all the talk might be about the niners right now but the men in teal are back on the ice in san jose. the shortened home season will begin tomorrow. boy, not only shark fans but downtown owners, business owners, they really need this. >> reporter: yeah, you know, jessica, the city is really hoping this brings some life bac
i think it's something us as tax paying citizens should not have. >> reporter: the broken window theory which says if less serious crimes are not dealt with the overall crime rate will increase. bratton's opponent seemed most concerned of his stop and frisk policy because they fear it will lead to racial profiling. >> you're bringing in somebody very controversial. >> this particular plan not about bill bratton. it's about partnership. >> reporter: i spoke by phone...
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Jan 24, 2013
01/13
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when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i can help you figure it out. ♪ ♪ [ male announcer ] let's take every drop of courage, every ounce of inspiration, every bit of determination, and go where we've never gone before. ♪ introducing the radically new avalon. toyota. let's go places. >>> we're back now at 7:41. prince harry is back in britain this morning and he's trying to clarify some of the comments he made during his tour of duty in afghanistan. nbc kir seir simmons is in buckingham palace this morning. good morning to you. >> reporter: good morning. prince harry has faced criticism from his comments about killing the taliban. now, he's back and ainu interview, he's talking about what he's learned. >> it's been great. a hell of an experience. really proud of the guys. >> reporter: prince harry summing up his tour of duty in afghanistan, landing back in the uk, finally able to congratulate william and kate in person. her pregnancy announced while harry was away. >> i'm longing to see my brother and sister-in-law a
when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i can help you figure it out. ♪ ♪ [ male announcer ] let's take every drop of courage, every ounce of inspiration, every bit of determination, and go where we've never gone before. ♪ introducing the radically new avalon. toyota. let's go places. >>> we're back now at 7:41. prince harry is back in britain this morning and he's trying to clarify some of the comments he made during...
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Feb 1, 2013
02/13
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. totino's pizza rolls. [ ringing ] we're pregnant! honey! what? we're pregnant! we're pregnant? yeah! you're going to be a mom! you're going to be a dad! there's a little baby in there? there's a human being growing inside your stomach? yeah! now what? i don't know? what? introducing huggies mommy answers. the best advice in one place. from the brand new moms trust. this is amazing, how did you find us? i thought we might be related, so i had a fiber analysis done and sure enough, we're family. but you're not even shredded. you're...crunchy?! that happens sometimes. and you help keep people full with whole grain fiber? just like you guys. [ femal
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. totino's pizza rolls. [ ringing ] we're pregnant! honey! what? we're pregnant!...
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they do not like you cutting tax. you could not stand when you we are your mommy's slacks. [ laughter ] you cannot reach across the aisle because everything you do is vile. they complained when you killed owe psalma so on a train or plane or lamba, rolling a 44 at bowl-a-rahma despite your nice white kansas mama, comma, they do not like you, barack obama. we'll be right b b [cheers and applause] >> jon: welcome back. my guest tonight new film is called "identity thief". >> don't shut door, leave it. >> now, this is his favorite part. he likes to be humiliating verbally. >> no i don't. >> you sissy boy. >> that's enough of this. >> sissy boy. it's time to give him the big show. boom boom! >> no need for the show. put it back on. whoo! whoo! whoo! >> jon: please welcome back to the show, jason bateman. [cheers and applause] magic! magic. you are a magic man. you are a magic man! [cheers and applause] i mean there's nothing worse than a quarter standing ovation. good lord, thank you for leading that. [cheers and applause
they do not like you cutting tax. you could not stand when you we are your mommy's slacks. [ laughter ] you cannot reach across the aisle because everything you do is vile. they complained when you killed owe psalma so on a train or plane or lamba, rolling a 44 at bowl-a-rahma despite your nice white kansas mama, comma, they do not like you, barack obama. we'll be right b b [cheers and applause] >> jon: welcome back. my guest tonight new film is called "identity thief". >>...
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Jan 28, 2013
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over the weekend, we had some news that japan was going to rely less on debt and more on taxes. you would think that bond yields would go down on that. but you can see here, they've really popped up.if japan start of their bond market, it's going to be a big, big problem. so, you get out of the dxj if you have the ability to short japanese government bonds, do it now. >> and tim, some of the other fundment am reasons that are going on in the population of japan, people are older, they're saving less, i mean, the savings right now is the same here in the united states. 2%. >> yeah, i think this continues. i think what's fundamentally different is that japan is actually seeking to pursue a budget deficit approach. they are effectively a trade surplus, budget surplus country. they are really pushing a weaker yen. this is leading to mass currency war talk. this is a big theme in davos, something that we've been hearing out of the emerging market countries. what is interesting now, a couple of the places like brazil and south africa, have inflation issues and they cannot weaken their
over the weekend, we had some news that japan was going to rely less on debt and more on taxes. you would think that bond yields would go down on that. but you can see here, they've really popped up.if japan start of their bond market, it's going to be a big, big problem. so, you get out of the dxj if you have the ability to short japanese government bonds, do it now. >> and tim, some of the other fundment am reasons that are going on in the population of japan, people are older, they're...
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Jan 27, 2013
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we are the highest tax increase in the country and it will not be good for business to have the tax increase. coming from that perspective, absolutely right. it's great to have a governor with a positive attitude. there's been a lot of negativism in the state and good to see the positivive attitude, things like education, we're with them. the thing that care rid them is the people's positive attitude about education. >> it's interesting, you have a democratic governor that is standing between you and the legislature, you're halfway happy about it. >> thank you. >> we'll be right back ♪ chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. support for gun control. >>> welcome back. dozens of people walked along the waterfront this weekend to show support for gun control. the event was organized by the group one million moms for gun control. the largest of which was held in washington d.c., that's where members of the newtown, connecticut community joined in with thousands of others d emanding action. >> if it can happen in newt
we are the highest tax increase in the country and it will not be good for business to have the tax increase. coming from that perspective, absolutely right. it's great to have a governor with a positive attitude. there's been a lot of negativism in the state and good to see the positivive attitude, things like education, we're with them. the thing that care rid them is the people's positive attitude about education. >> it's interesting, you have a democratic governor that is standing...
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Jan 27, 2013
01/13
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which is a consequence of any kind of market change and also a consequence of the carbon tax. that dribble trickles down to the consumer and changes habits. that turns the tables a little bit. seems to me that our inability as the public to make sacrifices makes us more of beholding to companies we don't like. >> guest: right. there's truth in that. and it's interesting, i was trying to think about this question of this price that people would have to pay to address climate change in particular, and no public in any era wants to volunteer for higher prices in their household expend kit tours. our politic shows that where the public saw a threat -- itch they thought their children were more likely to get asthma or develop respiratory disease because of air pollution that was unaddressed or their children were likely -- more likely to be exposed to cancer as a result of pollution in water supply, that people are willing to pay a price, whatever the price was, to protect their living generation from that danger. the problem with climate is it's over the horizon and the dangers ar
which is a consequence of any kind of market change and also a consequence of the carbon tax. that dribble trickles down to the consumer and changes habits. that turns the tables a little bit. seems to me that our inability as the public to make sacrifices makes us more of beholding to companies we don't like. >> guest: right. there's truth in that. and it's interesting, i was trying to think about this question of this price that people would have to pay to address climate change in...
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Jan 24, 2013
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no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're not sure you're doing all you can to lower your taxable wages and secure your retirement, finras new 401(k) save the max calculator can help you do the math to find out. i'm gerri walsh. >> tom: join us tomorrow on twitter for a tweet-up, that's when you meet together on twitter. we'll talk about teaching kids about saving money. alisa weinstein, co-founder of helpkidsfly.org and author of "earn my keep" will be our guest. here's what you do: follow us on twitter at bizrpt, and use the tweet-up hashtag "financial education". that's tomorrow, thursday at 3 pm eastern. susie, we're really looking forward
no matter your tax rate, contributing to a 401(k) can help you save money on taxes and boost your retirement security. your contributions to a traditional plan are not included in your taxable income, and earnings on roth contributions are tax-free. the good news for savers is that in 2013 401(k) limits go up to $17,500, and employees aged 50 or over can contribute an additional $5,500. but, at the end of 2011, the average account balance in 401(k)s nationwide was just under $60,000. if you're...
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Jan 24, 2013
01/13
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they are paying higher taxes, they are seeing a smaller payroll check. neil: that apple could have charged a premium for their products because they are cool. >> they could easily lose their cool. is it still taught everything to say that i have the iphone? not exactly. samsung has the cool power right now. a lot of competitors are coming out with very cool phones. if you are the tech guy, you are leading the way. you are looking for the newest and best and brightest thing that is out there and apple hasn't given us anything. neil: we are talking about a lot of advanced products. the new big thing is somethingnw that i may not hear about. >> well, i think the what wenize have to recognize about apple -a i'm not talking about apple tv. i'm talking about the version four. the one where they actually -- let's just work this out for a second. [talking over each other] [talking over each other] >> there is a point in time when you were going to watchady everything, you know, on the internet ready phones. kille tv is a step in that direction. tnk apple killed
they are paying higher taxes, they are seeing a smaller payroll check. neil: that apple could have charged a premium for their products because they are cool. >> they could easily lose their cool. is it still taught everything to say that i have the iphone? not exactly. samsung has the cool power right now. a lot of competitors are coming out with very cool phones. if you are the tech guy, you are leading the way. you are looking for the newest and best and brightest thing that is out...
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Jan 28, 2013
01/13
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they're already working here and are paying some taxes. this will get them fully on the tax rolls. even more important than that for the future of the economy, this will give us the workers we need the the future. both high skilled workers like scientists and low skilled workers that will help grow the economy. >> i would really like to know how you overcome zen phobia. the idea that immigrants come here and steal our jobs. i mean, i always felt the fact of the matter is they're often doing the jobs the locals don't ef want to do. but how do we get over that? >> obviously people are wary of this, but when -- people do -- for example, many americans now realize that they're not raising their kids to be farm workers. many americans realize that they're not raising their kids to be home health aides. home health aid is the fastest growing job in america right now. americans realize that's not what they're raising kids to be. the fact of the matter is, most americans are in the middle of the education spectrum. we've mostly graduated from high school, but we don't have the ph.d.s, we d
they're already working here and are paying some taxes. this will get them fully on the tax rolls. even more important than that for the future of the economy, this will give us the workers we need the the future. both high skilled workers like scientists and low skilled workers that will help grow the economy. >> i would really like to know how you overcome zen phobia. the idea that immigrants come here and steal our jobs. i mean, i always felt the fact of the matter is they're often...
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Jan 24, 2013
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in reminds you what happened in washington, you remember solyndra, with dead folks getting homebuyer tax credits. chris, what do you make of this? >> this is something we're familiar with in the united states. medicare for example, we've seen a lot of prosecutions over the years of organized crime folk involved in ahead care scam, -- medicare scam, fake claims, that is long-standing it has happened with welfare benefits and other things, one other thing that always makes it more complicated, when you have programs that are administered by bureaucrats and conceived by politicians, those are individuals that can be i think term is gotten to. might be induced to look the other direction, and organized crime does love government programs. neil: the bigger the sums for the program the more ripe they are for this sort of thing? >> you know, in the old country where the cavuto regime is, your family. >> that is lovely. >> not cool. >> look. hey, you know, score one for the mafia, zero for the government, they out smarted government for a while. >> i like how they have veered from liquor to this
in reminds you what happened in washington, you remember solyndra, with dead folks getting homebuyer tax credits. chris, what do you make of this? >> this is something we're familiar with in the united states. medicare for example, we've seen a lot of prosecutions over the years of organized crime folk involved in ahead care scam, -- medicare scam, fake claims, that is long-standing it has happened with welfare benefits and other things, one other thing that always makes it more...
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Jan 24, 2013
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. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the problem and that's the issue. on taxes, maria, i think we do have an opportunity to engage in that kind of discussion. we've got this sequestration that will hit march 1st. we have a continuing resolution that will come at the end of that month. there are all kinds of trigger points, if you will, that will facilitate more of these discussions and hopefully will lead to a much broader solution than just going about these kind of discretionary cuts. >> let me get your take on the low hanging fruit in terms of spending cuts. medicare, medicaid, social security, health care costs, the drivers of the debt. w
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the...
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Jan 25, 2013
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payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents
payroll taxes are nothing more than temporary tax cut was a rebate. like bush had two rebates that didn't work. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little...
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Jan 28, 2013
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temporary taxes passed. the budget looks a lot better. i think this was the governor's chance to pivot, to pivot to talking about what makes california great, how we get them back on track. don't worry, we're getting there. so i took this as a real optimistic speech with a lot of details, a lot of brown history facts. and really a message i think not only to the legislature but to the public of, like, i'm watching it. we're going to be careful, but we're going to move forward. >> and, john, you mentioned he was very quirky in his speech. clearly the governor is enjoying his popularity right now and quoted everyone from philosophers and poets. let's take a listen. >> i'm sorry, say again? >> the most diverse, creative and longest standing mass migration in the history of the world. that's california, and we are sons and daughters. this special destiny never ends. it slows. it falters. it goes off the track. and ignorance and prejudice but soon resumes again. more vibrant and more stunning in its boldness. >> so, john, how has the speech be
temporary taxes passed. the budget looks a lot better. i think this was the governor's chance to pivot, to pivot to talking about what makes california great, how we get them back on track. don't worry, we're getting there. so i took this as a real optimistic speech with a lot of details, a lot of brown history facts. and really a message i think not only to the legislature but to the public of, like, i'm watching it. we're going to be careful, but we're going to move forward. >> and,...
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Jan 30, 2013
01/13
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FBC
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taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%. there is not a lot of momentum there. we got a boost to a consumer's income in the fourth quarter because people anticipating the higher tax rates were paying out more in compensation, more in dividends. that is going to turn around as we come into the first quarter of 2013. david: the tax increases, as i mentioned in the intro to you, even the president said, a shrinking economy or slow economy, you know what to increase taxes. that is exactly what we're doing, but on the retail and wholesale level, if you
taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%....
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Jan 28, 2013
01/13
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CNBC
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this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready
this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long,...
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Jan 25, 2013
01/13
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KQED
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it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizable way. you need more investment in human beings, that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology. >> we're doing all those things, so you know we're not exactly getting a on any of them so it would be nice if we could get a on all of them and then we could do better. but i think it's unrealistic to think that growth is going to do the whole job. >> what about the federal reserve. it has its first meeting this year next week. is there anything more than the fed can do besides keeping interest rates superlow? >> not that much. the fed is more or less restricted to working on interest rates and things that are related, closely related to interest rates. i think really if we're going to g
it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizable way. you need more investment in human beings, that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology....
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Jan 30, 2013
01/13
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CNBC
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would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may be $100 billion in damage. you had the physical shutdown from the storm neatly and miserably dovetailing with the mental shutdown cause
would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay....
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Jan 24, 2013
01/13
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CNBC
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taxes. realtors tell me that sellers rushed to do the deals before january 1st to avoid the potential tax hikes on capital gains. the big surprise was that sales are even continuing through this january, and inventory is getting very thin. brokers tell me the wealthy want somewhere safe to put all this cash, and they are turning to real estate. here are a few properties that are still for sale and could still be yours in the hamptons. this estate in bridgehampton could be yours for 43 million bucks. 12 bedrooms, get this, two bowling aliz, a tennies in court, a rock climbing wall and a full disco. or for the
taxes. realtors tell me that sellers rushed to do the deals before january 1st to avoid the potential tax hikes on capital gains. the big surprise was that sales are even continuing through this january, and inventory is getting very thin. brokers tell me the wealthy want somewhere safe to put all this cash, and they are turning to real estate. here are a few properties that are still for sale and could still be yours in the hamptons. this estate in bridgehampton could be yours for 43 million...
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Jan 25, 2013
01/13
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WJZ
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it's all about raising taxes and cutting spending. and there's no discuss about test test test. to do to get growth? >> well the badh6+suz there susie s that while higher growth is by far the best remedy it's very hard to put if into effect. in a sizable way. you need more investment in human beings that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology. >> we're doing all those things, so you know we're not exactly getting a on any of them so it would be nice if we could get a on all of them and then we could do better. but i think it's unrealistic to think that growth is going to do the whole job. >> what about the federal reserve. it has its first meeting this year next week. is there anything more than the fed can do besides keeping interest rates superlow? >> not that much. the fed is more or less restricted to working on interest rates and things that are related closely related to interest rates. i think really if we're going to get a big push to growth it's got to come from the government. and believe it o
it's all about raising taxes and cutting spending. and there's no discuss about test test test. to do to get growth? >> well the badh6+suz there susie s that while higher growth is by far the best remedy it's very hard to put if into effect. in a sizable way. you need more investment in human beings that's education and so on. you need more investment in physical plant and equipment. and you need to promote technology. >> we're doing all those things, so you know we're not exactly...
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Jan 29, 2013
01/13
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CNBC
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here is the pitch, no state taxes. better than sunshine. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ >>> coming up on the "closing bell," coming up two stocks, apple down, research in motion is hot. which is the better stock to buy right now. we, of course, have that trade. plus, did amazon have a happy holiday? instant analysis of the online retailer's earnings. the dow inching closer to an all-time high. mark far ber is not impressed. find out why he's calling for a 20% selloff this year. they don't call him dr. doom for nothing. first "street signs." >> thanks very much, scotty, we're looking forward to it. we have breaking news here. what you're looking at is the president live in las vegas. he's going to be laying out his immigration reform plan. here on "street signs" we were talking about immigration, about 11 million illegal immigrants in the country. talking about growth if we made them legal.
here is the pitch, no state taxes. better than sunshine. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ >>> coming up on the "closing bell," coming up two stocks, apple down, research in motion is hot. which is the better stock to buy right now. we, of course, have that trade. plus, did amazon have a happy holiday? instant analysis of the online retailer's...
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Jan 24, 2013
01/13
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CNBC
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he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50 million, taxes hurt. >> other people who have moved around and we talked about tiger woods, what about lebron james? he was a great basketball star in cleveland. when he went to florida to the miami heat, a lot of people in new york said to avoid new york tax rates. anything to that? >> i think obviously there's no doubt when you're signing hundred million dollar contracts having no individual income tax is a big deal but this guy is going to be a billionaire someday. he had more control over putting this team together, there was more freedom over what players could go there. i trip it's always a factor. the
he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50...
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Jan 24, 2013
01/13
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taxes came from taxes on fast-food and property taxes. so you ended up taxing the rich more, right? because the bigger your property was, the more you paid. >> a lot of people feel there will be cut backs in other areas to make up for the lack of income. or as michelle talked about, can they make it up in other areas. >> money moves to taxes that get rid of their -- states that get rid of income tax. like $150 billion over the last 15 years, according to "how many walks" moved from states that had income tax to states that didn't. the nine highest taxed states lost a hundred billion of income -- of wealth, rather. it is proven it works. it attracts wealth to your state by getting rid of income tax. >> i couldn't believe this but for the billionaire that has everything. michael dell is on order to buy a boeing 787 dreamliner. i don't know if it is him per se buying it or whether the corporation that behind him that does it. >> this is a mystery p.m. pep familiar with him say it isn't his style to have a big plane like this. it is done through international leasing. it could be that t
taxes came from taxes on fast-food and property taxes. so you ended up taxing the rich more, right? because the bigger your property was, the more you paid. >> a lot of people feel there will be cut backs in other areas to make up for the lack of income. or as michelle talked about, can they make it up in other areas. >> money moves to taxes that get rid of their -- states that get rid of income tax. like $150 billion over the last 15 years, according to "how many walks"...
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Jan 31, 2013
01/13
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WBAL
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eye 58
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they raised cash knowing they might need that cash to pay much higher taxes, the taxes that a failed attempt to fix the cliff would produce. a huge amount of dough moved to the sidelines immediately. companies themselves accelerated dividend payouts, putting tens of billions of dollars into the hands of shareholders who had no idea what to do with the money other than sit on it. so we came into the new year and we were paralyzed. inventories lean, huge part of the country damaged by a storm, totally dysfunctional food fight animal house government, and we're brimming with cash everywhere, for the biggest rainy day of all, the day we jumped over the cliff. but then we don't do the cliff dive. and contra to stock seer bob dylan, the hard rain, it didn't fall. in fact, we didn't get that much. we didn't get dinged except for the rich, who are the most able to handle it. all right, yeah, i can make a big deal about payroll tax thing, that's no problem. nevertheless, it's a small fraction of what we really feared. stocks kept their favored status, including relatively low taxes on dividen
they raised cash knowing they might need that cash to pay much higher taxes, the taxes that a failed attempt to fix the cliff would produce. a huge amount of dough moved to the sidelines immediately. companies themselves accelerated dividend payouts, putting tens of billions of dollars into the hands of shareholders who had no idea what to do with the money other than sit on it. so we came into the new year and we were paralyzed. inventories lean, huge part of the country damaged by a storm,...
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Jan 28, 2013
01/13
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CNBC
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eye 166
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the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still think unfortunately washington and the ranker and the political system remains one of them. >> it sounds you're not as worried about washington. >> we're sadly becoming immune to their antics. >> we'll leave it there. good to see you. thank you so much. >>> about ten minutes to go before we close it up on monday on wall street here. dow jones industrial average still hanging in just below 13,900. >>> well, it has been the feud that continues to be the buzz on wall street. >> and in 2003 i get a call from this ackman guy. he's like the cry baby in the schoolyard. >> carl icahn does not ha
the fiscal cliff was a big issue on the tax side. we've extended the debt ceiling to may. that really could be july. i don't know that they represent the risks that a lot of people thought was represented in august 2011 heading into it. we realize hindsight, yields did not spike dramatically. we didn't get a massive number of investors whether it was institutions, pension funds that were forced out of treasuries. because of that aaa rating gone. i think we learned some lessons. but i still...
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Jan 24, 2013
01/13
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FBC
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by instituting some type of tax. what would you say to a governor who's thinking about doing something like that? >> i would say we cannot tax our way and solve this problem, any of these problems. we can't tax and provide solutions. it has never provided solutions. we can only grow our way out of the current situation, and growth means coming together as business, as government to try and create the necessary platform so that business can continue to invest. we are, we have invested $10 billion in the united states in the last three years. we still see great opportunities in the united states. when you look at the top 15 brands in the business of nonalcoholic beverages in the united states, there's actually been growth in those top 15 brands in the united states. so brands are growing. maybe the industry is not growing as a whole, but the brands, key successful brands are growing, and by the way, in dollar value the industry's grown 3% in the last three years. liz: continuing waving the coca-cola flag, thank you ver
by instituting some type of tax. what would you say to a governor who's thinking about doing something like that? >> i would say we cannot tax our way and solve this problem, any of these problems. we can't tax and provide solutions. it has never provided solutions. we can only grow our way out of the current situation, and growth means coming together as business, as government to try and create the necessary platform so that business can continue to invest. we are, we have invested $10...
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Jan 24, 2013
01/13
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FBC
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eye 94
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compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in sligh
compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier?...
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Jan 25, 2013
01/13
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CNBC
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in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all the oils because more oil will be used when things get better sending the hesses and conocos higher with them. that's how schlumberger can be ten points above where it was when it pre-announced a shortfall. and, of course, any uptick in employment has huge implications for autos and for homes where for a couple of years we were building homes at a rate that came in under what we were building when we had half as many people in this country. more homes means more retailers doing business to fix those homes, and it means more businesses for the banks, the processed home loans and that group gets
in the meantime, we know taxes on our dividends aren't going up. they stayed almost the same. that's a remarkable surprise that nobody talks about. but the need to find higher after tax yields is behind the huge move in the big dividend paying drug stocks. it's why we pay more for bristol-myers as we did today or johnson & johnson which kind of hangs in there despite the earnings miss and the horrendous implication of their faulty hip product. it's why we're paying more for the oils, all...
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Jan 29, 2013
01/13
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FBC
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eye 88
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in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built in. not like we didn't know about this. that is like the general market. we see the things out in the forefront. investors and traders are not reacting like they normally would when they see the top line and follow-up data. they're looking at the stock. looking at what could potentially happen. i think this is priced in. david: joe, thanks. we'll see you in a couple of minutes when the s&p futures close. thanks. liz: well at this year's consumer electronics show you know we tried our absolute darnedest to break corning's new gorilla glass. they keep reinventing it. i was jump all over the thing of the the tenn
in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built...
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Feb 1, 2013
02/13
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CNBC
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eye 187
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would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped. not a good story. >> it's a question of balance. >> if that's the case, and would i like to know whether you agree with that, ken, the question is this market priced for perfection, and are we poised for a decline given the fact that the economy won't keep up with expectations? >> i think the risks are balanced. weak growth, moderate growth, and i agree 2%, though maybe towards the end of the year it will be looking better, but, you know, i don't think we're like really likely to swing in recession neglecting the q4 gdp number. growth could turn out to be better. i think it's balanced risk, mod
would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped....
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he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous. >> out of control. illinois has big, big problems. couldn't float debt this week because they were downgraded. if you want to see the future of this country? look at california, look at illinois. we are walking down that path. charles: gerri, you studied this stuff. false assumptions they make, when the money doesn't come in, what's the next move? >> here's what i think. places like california and illinois turn to the federal government and say, hey, taxpayer, hey american taxpayer, pony up because we can't pay our bill
he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous....
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Feb 1, 2013
02/13
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CNBC
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tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys at this point in time. i'm not overly apt mystic as well. i might have a slightly different take on things right now. >> mike sb is there one particular cells signal i should watch for right now. >> i don't know about the previous guest ten-year target, but i think what happen says if rates rice, especially caused by the bond market self and not the fed or other central banks around the world, that could choke off u.s. economic recovery quickly. the other issue is while jobs appear to be growing they don't appear to be growing at a rate that's going to provide that big aggressive move in the h
tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys...
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67
Jan 24, 2013
01/13
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FBC
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eye 67
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i think that might mean a carbon tax. what do you think of a carbon tax? >> global warming is a real issue and what is the most of corn tissue of our time, the environment we live in. obviously we have to protect it. i think that is a possibility and probably something that may be effective. stuart: wouldn't do any good? >> if we could get bipartisan support, it could -- stuart: when it would lower carbon emissions in a miniscule, may be lower the temperature is your.1% over a longer period of time. it is just a fund of money. that is why -- that is what it is all about. >> those dollars would be used for other efforts to control and focus on changing climate. stuart: they would just fill government coffers with that the needed money. >> if that is the case they wouldn't be a good thing. stuart: when you are if in favor of carbon tax to raise money. >> i am not. i am in favor of it as a way of controlling, beginning to control global warming and giving resources to combat it. stuart: i want to bring you the answer to the quiz we brought you before the brea
i think that might mean a carbon tax. what do you think of a carbon tax? >> global warming is a real issue and what is the most of corn tissue of our time, the environment we live in. obviously we have to protect it. i think that is a possibility and probably something that may be effective. stuart: wouldn't do any good? >> if we could get bipartisan support, it could -- stuart: when it would lower carbon emissions in a miniscule, may be lower the temperature is your.1% over a...